Axiom Mining : Becoming a substantial holder

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603 GUIDE papo 1/1 13 March 2000

Form 603

corporauona Act 2001

S..cUon 6718

Notice of initial substantial holder

Ill Company Name/Scheme

Axiom Mining Llme

ACN/ARSN

81 119 698 770

1. Delllll1 ohubsbmllol holdor (1)

   Name

   ACN/ARSN (n applicable)

   lncor Holdings PLC

   Toa Mider beeame a sullStantlal no1oer on

   30/03/2016

2. 00111111 of voting power

The total number of votes atlldied to all the voting :ihor= In the 4;0mp11ny gr vgting lnterea. In the scheme that the :iub:itBntlol hc;ilder or an associate (2) had a

relevant Interest (3) In on the date the substantial holder becerne a substanUel tiolder are es follows:

Class of securities (4)	Number of	curitles	Per.i.on's vole (5)	Volin power (6)
Ordinary shan,s	16,529,032	16,529,032		5.8%

3, Delallo of relownt lntareol&

The nl:lture ot the r(tlev.fl.f'lt lntiltl'et tr$ :s1,11)stantlal nolder or an assoclalA haef In the following voting securltlo& on tho dato tho substantial holder l)ocame a subst ntlal J'lolder are EIS followg:

Holoo, or lel$VOl'lt lotaie$1	NatuO! or rolovont lnteN!ot (7)	Cli!l:I!. and number of securiUM
lnco, HO!dlogs PlC	illottod In llou of Interest	472.973 ordinary sharos
lncor Holdiogs PLC	Allotted	15.656.059 ordinary shares
lncor Holdings PLC	Purchased on market	!400.000 ordinary •h•=

-1, Details of present registered holders

The pemons. raglstered a& holders of the s.ecurllles referred to In paragraph 3 above are us: follom:

Holder of relevant ReglstereeoUUed to Ile Interest socuritles registered as holder (8)			ClalS' and number of securlUes
lncor Holdings PLC	lncor Holdlngo PLC	1ocor Holdings PlC	18.529.032 ordinary shams

6. Con1ldoratlon

The consideration paid for each relevant lntereat referred to In par.ograpn 3 aove, and acqulO!d In tne four montns prior to tne day that the suostantla1 Mlder

t;,ecame a substantial holder 15 ae, followe,:

Holder of "!!$Vant inteirost	Date of acquisition	consideration (9)	Class .and number of oacurllleo
Cash I Non-cash
1ncor Holdings PLC	Novemter 2015	Cash A$42,419,54	142,828 ordinary 1horns
lncor Holding• PLC	Dooembor 2015	Cash AS52.814.87	257.174 ordinary &hare$
lncor Holding• PLC	30/3/2015	Cash AS5.000.000	15,655,059 ordinary share5,

6. AHoclatoa

The reasons tno parsons named In paragraph 3 above are assoc:lates or the substci:nUal holder ,re Pt follo:

Name ond ACNIARSN (If applicable)	Naturo of assocl!ltlon

7. Addresses

lhe addressos of persons named In this form are 85 follows:

Noma	Addro..
lncor Holding• PLC	1 Upper aett1;11ey Street, London W1H 7QD, United Kingdom

Signature

capacity Director

1lgn hara

date j(.)104/201S

DIRECTIONS

1. lflhere are a number of&ubGlanUal holdara with olmllar or related ralovant lnlorests (eg. a corporauon and Its related corporalons, or tho manager and tru•too of on oqully trust), the nom..could be Included In on onnexure to lMfom,, If the relevant lntor••t• or • group of pe,.ons are essentially olmllar, they may be referred to throughout tho form as a spoclflcally named group If tho momborahlp of eactl grovp, with tho namo• and addro..os or membo I• dearty set out In paragraph 7 of the form.

2. Seo the deMlllon of'HGata' in oaellon a of !ho Corporatlono Act 2001.

3. Seo the definition of "relevant lntoreot" In ••ctlono 608 and 8719(7) of Iha Corporatlons Act 2001.

4. TM voling onaros of a company constltulo ona ciaos unless dlvldod Into soporote el•••••·

5. The total num1>er of votes attached to 011 Iha voting oharas In the company or voling lnlBrosts In Iha scheme (If any) that the parson or an associate has a

   rolovant lntorast In.

6. The person's voles divided by the totol voteo In the bOdy corporate or oeheme multiplied by 100.

1. Include details of:

   (D)

   (b)

   any relevant agreement or other clrcumataocos by which the relevant lnterost was acquired. If oubsodlon S71B(4) opplle•, • copy of any documont settlng out the torms. or any relevant agrocment, and a statement by the person gMng full and accurate details of any contract, scheme or artangement, must accompany this form, together wflh a wtlUan statement certifying this contred, scheme or &rrallgement; .Pr'ld

   any quaU1leaUon of the power of a person to exercl$9, control the exercise of, or' Influence the exercise Of, the votb'lg powE.11'$ Ot dlspotal of the

   sacur!Ues to which the relevant Interest releteo (Indicating cleMy the pan1cu1ar aeevtlte 10·wnlch the quallRcallon applloo),

   See the definttlon of "relevant agreement" In aectlon 9 of the Corporation& Ael 2001.

2. If the substantial holder IS unable to determine tho Identity of tno person (og. If tho rolevant lnterost artsos because of an option) write 11unkncwn.•·

(9) Dotells of the conslde1at1on must Include any and all l>enefits, moneyo and otnor, that any peraon from whom o relmay, become entltle(f to tocelvo In mlallQn 1c:> 1hat uli.ltlon. Oelalls must bo lnctuded oven If the benefit Is condltlonal on the happening or not Qf a eonllngoncy. Oetolls must bO Included of any benefit paid on behalf of the substantial holder or 116 a•soelate In rotation to tho acquisition•, oven If they

.ara not paid dlradly to th& person from whom the relevant Interest was acquired.

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